ArvinMeritor has named Rakesh Sachdev president of Asia Pacific, effective now. He reports to chairman, chief executive officer and president, Chip McClure.
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Sachdev will be responsible for managing existing customer relationships, forging new relationships and overseeing the company’s operations in China, India, Australia, Japan, Korea, Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam.
He will focus on helping ArvinMeritor achieve its stated goals of tripling profitable sales in three to five years by adding over $US1bn in revenues with both domestic and global OEM customers; increasing outsourcing from the region to more than $1bn in purchases from existing and new suppliers, and substantially expanding ArvinMeritor’s engineering and product development in India and China.
Sachdev was previously senior vice president of strategy and corporate development at ArvinMeritor, responsible for leading efforts to develop and implement the supplier’s global strategies and all corporate development activities.
He has also been interim CFO, vice president and controller, and vice president and general manager of worldwide braking systems for the commercial vehicle systems (CVS) business group.
Sachdev joined ArvinMeritor in 1999 as vice president and general manager for CVS’ global trailer products group, after more than 18 years of senior management experience with Cummins.
“[Sachdev] has been a long-standing and integral member of ArvinMeritor’s executive management team with extensive experience in several areas including, operations, finance, strategy, and mergers and acquisitions. [He] has made many significant contributions to the company’s success,” said McClure.
“[His] appointment is further evidence of our commitment to global expansion, especially in Asia where we see tremendous opportunities, both in the passenger car and commercial vehicle markets. His operational expertise and industry knowledge will help us rapidly advance our strategic plan and generate growth.”
ArvinMeritor also announced it would increase the company’s technical capabilities in Asia by building a new technical centre in China. The company also plans to double the size of its technical centre in India.
